May 30, 2007 — Torrance, CA — This week a delegation of top business leaders from the Republic of Azerbaijan visited industry leader LEDtronics, Inc. and its CEO and President, Mr. Pervaiz Lodhie. The main topic of discussion with Torrance-based LEDtronics — a manufacturer of LED lamps and energy-saving products — was how and where LEDtronics and Azerbaijani businesses could develop partnerships and begin to help the Republic of Azerbaijan conserve energy consumed for lighting.
The delegation was led by Azerbaijan?s preeminent Deputy Minister of Economic Development Mikayil Jabbarov. A broad spectrum of business sectors were represented, including technology, banking, land and real estate development, engineering, eco-materials manufacturing, insurance, waste management, agriculture and more. Some key leaders in attendance were Mr. Afgan Isayev, VP Strategic Planning, Bank of Baku and Mr. Emil Majidov, President, Azpromo.
The Republic of Azerbaijan is one of the fastest growing economies in the world, with a GDP growth reaching an astounding 38 percent in the first quarter of 2007. A leading economic performer and a keystone nation in the Caspian-Black Sea region, Azerbaijan provides diverse opportunities for cooperation and offers a dynamic environment for investment.
Founded in 1983 by Mr. Pervaiz Lodhie, LEDtronics? leads where others only follow when it comes to designing, manufacturing and packaging state-of-the-art LEDs to meet the world?s constantly changing lighting needs. LEDtronics inventive product line encompasses an array of direct incandescent bulb replacement with energy saving, long life LED bulbs and Lamps. LED bulbs last up to 100,000 hours, over ten years, which greatly reduces maintenance and replacement costs because LEDs are virtually immune to shock and vibration. LED bulbs use a fraction of the electricity (LED lamps use 80% to 90% less energy then the incandescent lamps they replace) necessary to light an incandescent bulb; they significantly reduce power consumption to help achieve energy conservation goals. LED bulbs also remain cool so there is no excessive heat build-up, which can influence building air conditioning costs.